price per unit calculation

price per unit calculation is a key figure used by businesses to determine the cost of producing or purchasing a single unit of a product. It is calculated by dividing the total cost of production or procurement by the number of units produced or purchased. This helps businesses establish pricing strategies, ensure profitability, and compare costs across different suppliers or production methods. It’s essential for businesses to have accurate unit price calculations to optimize their pricing structure, manage margins, and make informed purchasing decisions.